Short Interest in Smartoptics Group AS (OTCMKTS:SMOPF) Decreases By 72.2%

Smartoptics Group AS (OTCMKTS:SMOPF) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 3,421 shares, a drop of 72.2% from the July 30th total of 12,322 shares. Based on an average daily volume of 10,087 shares, the days-to-cover ratio is currently 0.3 days.

Smartoptics Group AS Stock Performance

Shares of Smartoptics Group AS stock opened at $5.00 on Friday. The stock’s 50 day simple moving average is $4.93 and its 200-day simple moving average is $4.09. Smartoptics Group AS has a 1-year low of $4.20 and a 1-year high of $7.15.

Smartoptics Group AS Company Profile

Smartoptics Group AS provides optical networking solutions and devices worldwide. Its products include flexible open line systems; multiplexers and OADMs; modular transponders and muxponders; optical transceivers; active and passive system products; and Sosmart software suites. The company also provides technical support, extended warranty, advance product replacement, complete and smart care, network design, staging and installation support, and training and education services. Its solutions are used in metro and regional network applications.